this is the first secret


today I'm showing you one of my secrets and at the end of my article there a surprise for you guys

my way to support and resistance

we can't deny the importance of support and resistance in our trading life
and here in this article I'm showing you a very critical zones and simply it will help you so much
with your trading technique.
simply i'll show you how to predict the next support and resistance zones that the price will make a step on it.

i use a few equations to perform on the last candle ( week candle - month candle )
and it gives me the next ( week - month ) levels .

illustration


1 - pick any candle from the chart (week - month).
2- get the ( high - low - close ) values then put these values in the next equations.
3 - draw the lines in the chart by the given values from equations .
4 - see what happens in the (week - month ) after the candle you picked.


Equations


sell zone
Sell Zone1 = 1.1 * (high - low) / 4.0 + close =
Sell Zone2 = 1.1 * (high - low) / 6.0 + close =

buy zone
BuyZone1 = close - 1.1 * (high - low) / 6.0 =
BuyZone2 = close - 1.1 * (high - low) / 4.0 =

constant value
constantBZ = BuyZone2 - BuyZone1 =
ConstantSZ = SellZone2 - SellZone1 =

buy max
Buy Max1 = (high - low) * 0.55 + close =
Buy Max2 = (high - low) * 0.55 + close + constantBZ =

sell max
Sell Max1 = close - (high - low) * 0.55 =
Sell Max2 = close - (high - low) * 0.55 - ConstantSZ =

buy dead zone
Buy Dead Zone1 = BZ1 / 161.80000000000001 + BM2 =
Buy Dead Zone2 = BZ2 / 161.80000000000001 + BM1 =

sell dead zone
Sell Dead Zone1 = SZ2 / 161.80000000000001 - SM2 =
Sell Dead Zone2 = SZ1 / 161.80000000000001 - SM1 =


HAHAHA don't freak out i have a surprise for you at the end of the article


a picture is worth a thousand words

used candle : 24/04/2013 ( weekly candle )
information : high = 1.32427 low = 30318 close = 1.31131
currency : EUR/USD
platform : fair trading technology (dukascopy mt4 bridge)



used candle : 07/12/2014 (weekly candle)
information : high = 1.24950 low = 22472 close = 1.24750
currency : EUR/USD
platform : fair trading technology (dukascopy mt4 bridge)





Notes for use
1 - don't depend on these equations only.
2 - it works sooo good with ( price action & SWFX sentiment index, COT charts and Market Depth).
3 - don't use it on metals



HERE IS MY SURPRISE


ARE YOU READY




for the first time
only for Dukascopy Fans

don't suffer with the equations
i do a program for you to do everything

just put the values in its places then click find zones

here is the link for the program below

click here

Note : the program needs java to run it


COPY RIGHTS reserved only for Mado and Dukascopy community


enjoy guys and if you have any questions plz don't hesitate


support & vote for me if you find it useful


kind regards
Mado





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